Telkom build up profit, when the tariff will go down?
It's kind of boring to put a note on PT Telkom Tbk's financial report. For years, the company has built up huge amount of profit at the expense of ordinary citizens who pay higher and higher telephone cost.
Today, Telkom published its first half financial result in which the state-owned company booked net profit of Rp5.8 trillion, jump 53% from first half 2005. This is a good news for investors. Good news for government to collect more taxes. But telephone users?
The company also reported impressive revenue growth of 23.8%. Cellular contributes the largest growth, followed by data and internet. But, interconnection increased significantly as well from Rp3.63 trillion to Rp4.116 trillion. Ah, that's why Telkom as the incumbent has no willingness to cut the interconnection tariff that would open up competition in the market.
Anyway, when Telkom will cut the cost for fix telephone service or boost teledensity in areas like my hometown in Flores?
Indonesia, according to many studies, already the most expensive nation in South East Asia when it comes to telephone costs, yet the lowest in terms of teledensity. These are also the reason why it's so difficult to lure in investment, including in the remote, yet beautiful areas, like Flores or other areas in Eastern part of the country.
READ MORE!!!
Today, Telkom published its first half financial result in which the state-owned company booked net profit of Rp5.8 trillion, jump 53% from first half 2005. This is a good news for investors. Good news for government to collect more taxes. But telephone users?
The company also reported impressive revenue growth of 23.8%. Cellular contributes the largest growth, followed by data and internet. But, interconnection increased significantly as well from Rp3.63 trillion to Rp4.116 trillion. Ah, that's why Telkom as the incumbent has no willingness to cut the interconnection tariff that would open up competition in the market.
Anyway, when Telkom will cut the cost for fix telephone service or boost teledensity in areas like my hometown in Flores?
Indonesia, according to many studies, already the most expensive nation in South East Asia when it comes to telephone costs, yet the lowest in terms of teledensity. These are also the reason why it's so difficult to lure in investment, including in the remote, yet beautiful areas, like Flores or other areas in Eastern part of the country.
READ MORE!!!
posted by yosef at 5:23 PM
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